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Compulsory Insurance

Compulsory insurance is aimed at protection of the state, companies and large numbers of populations from risks.

Compulsory insurance contract is signed by a physical or legal person, based on the requirement set by law. The law requires obligatory enrollment in life, medical or property insurance of certain categories of citizens or the property of companies. In addition, it includes liability insurance for property and other damage of individuals or companies.

Compulsory insurance is regulated by the Law of the Republic of Azerbaijan "On compulsory insurance," and requires licensing of insurance companies involved in compulsory insurance activities.

PASHA Insurance has a license to operate on compulsory insurance of civil liability of vehicle owners, compulsory insurance of real estate and compulsory liability insurance associated with the operation of real estate. The company is included in the register of the Bureau of compulsory insurance.

Purchase and the policy is available in website of PASHA Insurance. Registration can be completed online by connecting to the database of Bureau of compulsory insurance.

Insurance premiums on compulsory motor third party liability insurance

Type of vehicle

Insurance Premium (AZN)

Individual

Legal entity

For a motor vehicle registered in a foreign country and entering the Republic of Azerbaijan for transit purposes (one month)

Individual

Legal entity

Cars and other vehicles produced on their basis - according to the engine size

50 sm3 – 1500 sm3

50

60

12.5

15

1501 sm3 – 2000 sm3

75

90

18.75

22.5

2001 sm3 – 2500 sm3

100

120

25

30

2501 sm3 – 3000 sm3

125

150

31.25

37.5

3001 sm3 – 3500 sm3

150

180

37.5

45

3501 sm3 – 4000 sm3

175

210

43.75

52.5

4001 sm3 – 4500 sm3

200

240

50

60

4501 sm3 – 5000 sm3

225

270

56.25

67.5

5000 sm3 and more

250

300

62.5

75

Buses, minibuses and other vehicles produced on their basis - by number of passenger seats

9 – 16

150

180

37.5

45

16 and more

200

240

50

60

Freight cars and other vehicles produced on their basis - for maximum permissible mass

3500 kq and more

150

180

37.5

45

3501 kq – 7 000 kq

200

240

50

60

7000 kq and more

250

300

62.5

75

Motorcycles

50

60

12.5

15

Trailers and semi-trailers

25

30

6.25

7.5

Tractors, motor vehicles used in road construction, forestry and agriculture